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EXAMPLE FOR 2-YEAR SWAP WITH SEMI-ANNUAL PAYMENTS (February and August) Maturity Date: 15-Feb-20 Notional Value $10,000,000 BID-2.36% OFFER-2.42% DATE Mortybanc $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 LIBOR BUYER SELLER 8/15/2018 2/15/2019 8/15/2019 2/15/2020 8/15/2020 2/15/2021 2.05% 2.15% 2.61% 2.55% 2.49% 2.26% ($37,000) ($27,000) $19,000 $13,000 $7,000 ($16,000) $31,000 $21,000 ($25,000) ($19,000) ($13,000) $10,000 DATE LIBOR BUYER SELLER Mortybanc 8/15/2018 2/15/2019 8/15/2019 2/15/2020 8/15/2020 2/15/2021
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